Bank ADRs: Leading and Lagging Year-To-Date

With the first quarter over for this year, its time to take a look at the performance of bank ADRs. The following 6 six ADRs are in positive territory as of April 1, 2009:1. Woori Finance – WF
Year-To-Date (YTD) Change:17.38%

HSBC (HBC), Bank of Ireland(IRE), Llyods Banking Group(LYG), Royal Bank of Scotland (RBS) and Allied Irish Banks (AIB). These banks are all down over 39%.All of these banks are from the UK and Ireland.Despite the massive bailout by the British government, British banks are still exposed to heavy losses due to the sub-prime and derivate issues. Also the British economy is in worst shape than other European countries.

Subscribe by Email

Archives

Site Feed

Disclaimer

For Informational Purposes Only.Information posted on this site do not constitute investment advice in any way to buy or sell a security. Do your own due diligence before making any investment decisions.